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NASDAQ:ARGOArgo Group Stock Price, Forecast & News

$33.15
+1.92 (+6.15 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$31.34
Now: $33.15
$33.37
50-Day Range
$30.35
MA: $33.32
$36.98
52-Week Range
$25.00
Now: $33.15
$74.81
Volume112,900 shs
Average Volume273,408 shs
Market Capitalization$1.15 billion
P/E RatioN/A
Dividend Yield3.97%
BetaN/A
Argo Group International Holdings Ltd. engages in underwriting property and casualty insurance and reinsurance. The company operates through following segments: Property, Liability, Professional and Specialty. The Property segment includes both property insurance and reinsurance products. The Liability segment includes a broad range of primary and excess casualty products. The Professional segment includes various professional lines products including errors and omissions, management liability and cyber coverages. The specialty segment includes niche insurance coverages including marine & energy, accident & health and surety product offerings. The company was founded in 1986 and is headquartered in Pembroke, Bermuda.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.07 out of 5 stars


Industry, Sector and Symbol

Industry Property/Casualty Insurance
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:ARGO
CUSIPN/A
CIKN/A
WebN/A
Phone(441) 296-5858

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Market Cap$1.15 billion
Next Earnings Date8/3/2020 (Confirmed)
OptionableNot Optionable

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Argo Group (NASDAQ:ARGO) Frequently Asked Questions

How has Argo Group's stock been impacted by COVID-19 (Coronavirus)?

Argo Group's stock was trading at $39.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ARGO shares have decreased by 16.2% and is now trading at $33.15. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Argo Group?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Argo Group in the last year. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Argo Group.

When is Argo Group's next earnings date?

Argo Group is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Argo Group.

How can I listen to Argo Group's earnings call?

Argo Group will be holding an earnings conference call on Monday, August 3rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Argo Group's earnings last quarter?

Argo Group (NASDAQ:ARGO) posted its earnings results on Thursday, May, 7th. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.14 by $0.22. The company earned $472.60 million during the quarter, compared to analyst estimates of $482 million. View Argo Group's earnings history.

How often does Argo Group pay dividends? What is the dividend yield for Argo Group?

Argo Group declared a quarterly dividend on Friday, May 8th. Shareholders of record on Friday, May 29th will be given a dividend of $0.31 per share on Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Thursday, May 28th. View Argo Group's dividend history.

What price target have analysts set for ARGO?

4 brokerages have issued 1-year price objectives for Argo Group's stock. Their forecasts range from $39.00 to $74.00. On average, they expect Argo Group's stock price to reach $52.67 in the next year. This suggests a possible upside of 58.9% from the stock's current price. View analysts' price targets for Argo Group.

What are Wall Street analysts saying about Argo Group stock?

Here are some recent quotes from research analysts about Argo Group stock:
  • 1. According to Zacks Investment Research, "PXRE Group Ltd. provides reinsurance products and services to a worldwide marketplace. They primarily emphasize commercial and personal property and casualty reinsurance risks, and offer both broker-based and direct-writing distribution capabilities. PXRE also provides marine and aerospace reinsurance products and services. " (2/17/2020)
  • 2. Boenning Scattergood analysts commented, "We compare ARGO to a peer group of 10 specialty insurers. The peer group is trading at a higher price-to-book multiple than ARGO (1.5x vs. 1.2x), but peers have also generated stronger returns. Relative to expected ROE, ARGO’s shares appear to be undervalued (see chart below). We are maintaining our Outperform rating and our target price of $81.00, which is 1.4 times our 12-months forward BVPS estimate of $58.49." (8/6/2019)

Has Argo Group been receiving favorable news coverage?

News coverage about ARGO stock has been trending negative recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Argo Group earned a daily sentiment score of -2.6 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Argo Group.

Who are some of Argo Group's key competitors?

What other stocks do shareholders of Argo Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Argo Group investors own include Enterprise Products Partners (EPD), Eastman Chemical (EMN), IBM (IBM), Vertex Pharmaceuticals (VRTX), Verizon Communications (VZ), Adobe (ADBE), Federal Agricultural Mortgage (AGM), Copart (CPRT), Medtronic (MDT) and Procter & Gamble (PG).

Who are Argo Group's key executives?

Argo Group's management team includes the following people:
  • Mark E. Watson, President, Chief Executive Officer & Director
  • Phil Vedell, Head-Global Operations
  • Jay Stanley Bullock, Chief Financial Officer & Executive Vice President
  • Mark H. Rose, Chief Investment Officer & Senior Vice President
  • Nigel Mortimer, President-Argo Insurance Bermuda

What is Argo Group's stock symbol?

Argo Group trades on the NASDAQ under the ticker symbol "ARGO."

Who are Argo Group's major shareholders?

Argo Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (1.22%), Envestnet Asset Management Inc. (0.04%) and Diversified Trust Co (0.03%). Company insiders that own Argo Group stock include F Sedgwick Browne, Hector Deleon, Jay Stanley Bullock, John R Power Jr, Jose Angel Hernandez, Kathleen Nealon, Kevin James Rehnberg, Mark E Watson III, Mural R Josephson, Samuel G Liss and Thomas A Bradley. View institutional ownership trends for Argo Group.

Which major investors are selling Argo Group stock?

ARGO stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity for Argo Group.

Which major investors are buying Argo Group stock?

ARGO stock was acquired by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, and Diversified Trust Co. Company insiders that have bought Argo Group stock in the last two years include Jose Angel Hernandez, Samuel G Liss, and Thomas A Bradley. View insider buying and selling activity for Argo Group.

How do I buy shares of Argo Group?

Shares of ARGO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Argo Group's stock price today?

One share of ARGO stock can currently be purchased for approximately $33.15.

How big of a company is Argo Group?

Argo Group has a market capitalization of $1.15 billion.

How can I contact Argo Group?

The company can be reached via phone at (441) 296-5858.

This page was last updated on 7/12/2020 by MarketBeat.com Staff

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